Wisconsin § 408.302 Rights of purchaser.

Wisconsin Statutes

§ 408.302 — Rights of purchaser.

Wisconsin § 408.302

Ch. 408Uniform commercial code — investment securities

Subch.subch. III of ch. 408 SUBCHAPTER III

TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

This text of Wisconsin § 408.302 (Rights of purchaser.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.302 (2026).

Text

408.302 408.302(1) (1) Except as otherwise provided in subs.

(2)and (3) , a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer. 408.302(2) (2) A purchaser of a limited interest acquires rights only to the extent of the interest purchased. 408.302(3) (3) A purchaser of a certificated security who as a previous holder had notice of an adverse claim does not improve its position by taking from a protected purchaser.

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408.302
408.302(1) (1) Except as otherwise provided in subs. (2) and (3) , a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.
408.302(2) (2) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.
408.302(3) (3) A purchaser of a certificated security who as a previous holder had notice of an adverse claim does not improve its position by taking from a protected purchaser.